Holding Course, Missing Speed

The report finds that while CETP members reduced international fossil fuel finance by up to 78% to USD 4.7 billion in 2024, the scale-up of clean energy finance remains slow, with only USD 3.2 billion in increases compared to 2019–2021. It highlights that less than one-fifth of funds shifted from fossil fuels were redirected to clean energy and calls for a collective target of at least USD 42 billion for clean energy finance in emerging markets and developing economies.

• CETP members significantly reduced international public support for fossil fuels in 2024, bringing the total to USD 4.7 billion, which represents a reduction of up to 78%.
• The increase in finance for renewable energy by CETP members was only USD 3.2 billion in 2024 relative to the 2019–2021 period, indicating that less than 20% of the funds moved away from fossil fuels were redirected toward clean energy.
• Policy alignment among high-income signatories is incomplete, with only 10 of 17 having fully aligned their energy finance policies with the CETP pledge, necessitating the closure of loopholes that permit continued fossil fuel financing.
• The report recommends that signatories establish a collective target of at least USD 42 billion to scale clean energy finance in emerging markets and developing economies via the CETP Clean Energy Action Plan, utilizing whole-of-government strategies to ensure a fair and just transition focusing on grids and storage.
• The stability of CETP gains is threatened by rising geopolitical tensions and the exit of the United States from the commitment in February 2025.

APA

DeAngelis,, N. J. U. O. M. (2025). Holding Course, Missing Speed. International Institute for Sustainable Development. https://www.iisd.org/publications/report/ending-fossil-fuel-finance-unlocking-clean-energy

Chicago

DeAngelis,, Natalie Jones,Indira Urazova,Claire O'Manique,Adam McGibbon,Kate. Holding Course, Missing Speed. International Institute for Sustainable Development, 2025. https://www.iisd.org/publications/report/ending-fossil-fuel-finance-unlocking-clean-energy.

Wikipedia

{{cite report |last1=DeAngelis, |first1=Natalie Jones,Indira Urazova,Claire O'Manique,Adam McGibbon,Kate |title=Holding Course, Missing Speed |publisher=International Institute for Sustainable Development |date=29 September 2025 |url=https://www.iisd.org/publications/report/ending-fossil-fuel-finance-unlocking-clean-energy |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{deangelis2025holding, author = {DeAngelis,, Natalie Jones,Indira Urazova,Claire O'Manique,Adam McGibbon,Kate}, title = {{Holding Course, Missing Speed}}, institution = {International Institute for Sustainable Development}, year = {2025}, month = sep, url = {https://www.iisd.org/publications/report/ending-fossil-fuel-finance-unlocking-clean-energy}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }